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741 Elgin Street Cherry Valley, IL 61016
Sold: 468600
/ MLS# 12571125 / Multi Unit - Multiple / Cherry Valley
0 Beds

Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.

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Baird & Warner Ashley Townsend Agent Cell: 708.368.2226

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Estimated Payment

$ 1,739.19 per month $1,044.22 Principal & Interest $557.92 Property Tax $137.05 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Lot Size: 0.34 Acres
Stories: 2.0
Taxes: $6,695
Year Built: 1960
Buyer Represented By: Zil Huma , Keller Williams Realty Signature
Listing Provided By: EJC REAL ESTATE SERVICES

Feature Descriptions

HVAC: Gas
Lot Dimensions: 14810
Parcel#: 1601254006
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: EJC REAL ESTATE SERVICES

Listing Office Phone: 773-236-7844



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